@LevyAntoine So glad you spoke up. BEA has other figures: Top income quintile accounts for ~35% of spend as of 2022. Before the shutdown, they told me they were nearing completion of the 2023 figures and the 35% would not be much changed. We look at this overall and for #remodeling:
Soaking in apartment insights - 2025 New York Housing Outlook:
- Slow steady return expected for multifamily development in the 4th quarter and next year
-Shifting mindset: ‘living in your unit’ to ‘living in your building’
Demand for functional common spaces is here to stay
Check out the latest article in my newsletter: Energy Code Changes Could Boost Residential Insulation Spending by 3-4% https://t.co/lDqlPWRPcY via @LinkedIn
Would you rather remodel or go on vacation? It's a tough choice between greater pleasure inside vs outside of the home. Historically homeowners favor vacations over home improvements... But #remodeling is a close second: 20% say they will remodel soon. How about you?
Curious as to why Home Depot recently acquired SRS Distribution? Super smart move. This article explains some of many reasons... https://t.co/xPfBkNlS3D via @LinkedIn#Homedepot#SRS#investing
What's your appetite for #risk?
Working for the Fed in 2008, I saw first-hand how easy it for experts to overlook financial market risks.
Experts are now calling out a larger shadow banking sector risks due to unintended consequences of GFC regulations. https://t.co/UvlaRQq4Lp
@CollinJHumphrey Or maybe she's hoping for interest rates to moderate then and the market to rally? Keep these updates coming! I study the K&B market and it's always great to hear reports of what consumers are saying about pending activity. We believe there's a ton of pent up demand now.
Red Sea disruptions have caused rapid cost increases in container freight rates from China to New York recently... While Covid disruptions were worse, the rate of increase is higher at present - something to monitor. What impacts are you seeing?
Boomers might not be downsizing as much as originally expected 🎙️Listen in to the CMO of homebuilder Taylor Morrison. This jives with rumblings from our in-house #remodeling surveys at #JBREC -- many older homeowners continue to renovate-in-place. https://t.co/57LeK9K08f
"We've bottomed out" -- Sentiment from the latest #KBMI survey echos U. of Michigan Consumer Sentiment which ticked up 13% in Jan., reaching highest level since July 2021. Consumers are starting to demand bigger and higher-end #kitchenandbath renovations too: @thenkba@JBREC
🏡Wondering where the US #housingmarket is headed? Check out the latest Kitchen & Bath Market Index (KBMI) report by @thenkba & @JBREC.
📈 #Kitchenandbath firms expect +7% revenue growth in '24 with prices rising +3.2%. Implies positive volume growth ahead. 60-second recap👉